The stockley Lincoln collection on EBay

Backintime · March 19, 2012 11:28AM

Has anyone been paying attention to this auction since it started on Thursday night? Currently, the majority of the bids on the high priced coins are by a newbie to eBay who has no feedback score. They go by the moniker of: S***u (0.) Some of his/her bids are more than 10K higher than anyone else. This makes me wonder if they are “sham” bids. Any thoughts?

AUandAG · March 19, 2012 11:31AM

For those of us that are not following, for whatever reason, could you post a link?

bob

LanceNewmanOCC · March 19, 2012 11:32AM

<< Has anyone been paying attention to this auction since it started on Thursday night? Currently, the majority of the bids on the high priced coins are by a newbie to eBay who has no feedback score. They go by the moniker of: S***u (0.) Some of his/her bids are more than 10K higher than anyone else. This makes me wonder if they are “sham” bids. Any thoughts? >>

linky-poo?
.

SlvrandGld · March 19, 2012 11:41AM

Ya kind of strange.

JBatDavidLawrence · March 19, 2012 11:42AM

The OP is referring to our offering of the Presidential Collection of Lincoln Cents.

We're offering the collection in conjunction with eBay in an exciting auction event. We worked with the collector to help build the collection and we were honored when he decided to work with us to sell the collection.

You can find out more information on the collection and the coins here:

Presidential Collection of Lincoln Cents

You can also view the coins on our website at:
DLRC Auction Listing

barrytrot · March 19, 2012 11:49AM

How can you have a bid "10k above the others?" Your bid would only go 1 bid increment above the under bidder.

Backintime · March 19, 2012 11:49AM

Well you guys got your link, from someone who knows a little more about the auction than me. You beat me to it, buts that's ok,
Thanks

renomedphys · March 19, 2012 11:49AM

There are coins in there that I would bid on given the chance to view them in person, or perhaps even have a trusted advisor have a look. Are they in Baltimore?

Backintime · March 19, 2012 11:51AM

"How can you have a bid "10k above the others?" Your bid would only go 1 bid increment above the under bidder".

They were "reserve buster" bids, take a look and you will see what I mean

barrytrot · March 19, 2012 11:55AM

Ah yes reserve buster bids. Ok, my bad, I stand corrected

When I perused the coins most of the coins hadn't passed the reserve. I'm bidding on a couple and am the high bidder but still under the reserve.

LanceNewmanOCC · March 19, 2012 11:57AM

<< The OP is referring to our offering of the Presidential Collection of Lincoln Cents.

We're offering the collection in conjunction with eBay in an exciting auction event. We worked with the collector to help build the collection and we were honored when he decided to work with us to sell the collection.

You can find out more information on the collection and the coins here:

Presidential Collection of Lincoln Cents

You can also view the coins on our website at:
DLRC Auction Listing >>

ahh, i figured that is what the OP was talking about but with no mention of DLRC, figured it was just a diff set of coins

i'm bidding on a few of those and quite a few more b4 hammer time
.

Backintime · March 19, 2012 12:02PM

"When I perused the coins most of the coins hadn't passed the reserve. I'm bidding on a couple and am the high bidder but still under the reserve".

At one point I was the highest bidder on about 30 of them, now I am only the highest on about eight. None of these are bids are serious ones, but I may aggressively go after four or five on Sunday night, it depends on how things fall.

JBatDavidLawrence · March 19, 2012 12:04PM

<< There are coins in there that I would bid on given the chance to view them in person, or perhaps even have a trusted advisor have a look. Are they in Baltimore? >>

Indeed we will have almost all of the coins on display for viewing at the Whitman Baltimore show on Thursday-Saturday. If you'd like us to show a few of the coins to a trusted dealer or would like to speak with us about any of the coins, we'd be happy to do so.
I've dealt personally with this entire collection for the past 2 months, so the coins have become almost like family to me

Just let us know how we can help you and we'll be happy to do so!
Thanks!
John Brush
David Lawrence Rare Coins

Unknown · March 19, 2012 12:12PM

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Spooly · March 19, 2012 12:20PM

That is some heavy hitting bids for zero feedback. Question is, how does DLRC feel about a bidder with no history dropping bombs.

I guess if he can pay he can play.

I bet he doesn't win anything.

Backintime · March 19, 2012 12:31PM

I was wondering the same thing Spooly, if this person is willing to pay tens of thousands for the best of the collection, I would want to know a little about them when this acution is heading twoard the finish line.

lkeigwin · March 19, 2012 1:05PM

<< That is some heavy hitting bids for zero feedback. Question is, how does DLRC feel about a bidder with no history dropping bombs. >>

A most excellent question. I was bidding on many but I'm not going to play with a kamikaze. Count me out.
Lance.

DavidLawrence · March 19, 2012 8:48PM

There are a couple bidders on the collection with (0) feedbacks, but they are known customers of ours. These folks are new to eBay but DLRC.

barrytrot · March 19, 2012 9:22PM

<< There are a couple bidders on the collection with (0) feedbacks, but they are known customers of ours. These folks are new to eBay but DLRC. >>

That was a guess I had that they either new DLRC or Lincolns.

Not everyone buys off ebay

keyman64 · March 19, 2012 10:37PM

Holy Cow, so the entire collection is being sold as 1 lot? 1??? WOW?!

Sad, I could have used a few of them...

Not that I could have afforded them right now...but I would have enjoyed watching.

JBatDavidLawrence · March 19, 2012 11:22PM

Keyman,
Actually the coins are all being sold individually on eBay, not as an entire collection.
Please feel free to take a look at any of the coins and contact us if you have any questions.
Thanks!

keyman64 · March 19, 2012 11:27PM

<< Keyman,
Actually the coins are all being sold individually on eBay, not as an entire collection.
Please feel free to take a look at any of the coins and contact us if you have any questions.
Thanks! >>

On your web page it says the collection is being sold INTACT...doesn't that mean as one lot? Maybe I am the only one confused by this? Thanks for your help!

keyman64 · March 19, 2012 11:31PM

Ohhh, I found the little text links to bid for each item on eBay...my bad.

coinman23885 · March 20, 2012 7:14AM

<< 

<< That is some heavy hitting bids for zero feedback. Question is, how does DLRC feel about a bidder with no history dropping bombs. >>

A most excellent question. I was bidding on many but I'm not going to play with a kamikaze. Count me out.
Lance. >>

+1

bolivarshagnasty · March 20, 2012 7:25AM

Admittedly, I am always guarded when it comes to live auctions. My radar goes off when the same bidder with 0 feedback (s_ _u) bids up two 69-S ddo 1's. I can't imagine a strategy whereby a Collector is going to need/want both of those expensive varieties in his or her collection. Perhaps a grading set of 69-S ddo's???

DavidLawrence · March 20, 2012 8:02AM

I think you have to consider the possibility that some of these bidders may be dealers who are being opportunistic about the low reserves we've placed on the coins in this sale. All the coins under $500 are unreserved and we reserved the others at levels which we feel are 10-20% below market in an effort to spur bidding. It's a natural that dealers would come in with lots of bids -- especially on the CAC coins, which are extremely popular.

As far as the argument on a person wanting more than one 1969-S doubled die. I agree that it may be unusual but the owner of this collection owned both of these himself. Every coin here is part of his set.

Thanks.

Backintime · March 20, 2012 11:45AM

"As far as the argument on a person wanting more than one 1969-S doubled die. I agree that it may be unusual but the owner of this collection owned both of these himself. Every coin here is part of his set".

A good point John.

wondercoin · March 20, 2012 12:57PM

"My radar goes off when the same bidder with 0 feedback (s_ _u) bids up two 69-S ddo 1's"

Perhaps even more surprising to me is if the bidder were indeed a dealer ... why in the world would he/she be bidding in $500 increments time after time (and at different points in the day even) at silly "low ball" levels chasing a reserve that is not revealed but obviously way more than the bid levels (e.g. 69-S AU58)? I sure would have no time for that myself. Be that as it may ....

A simple request that perhaps DLRC can answer for us here ... can someone from DLRC please email me (or any other board member here requesting it) the reserve amounts on each lot in the auction so I can decide if there are any coins I can place a bid on in excess of the reserve?

Thanks.

Wondercoin

JBatDavidLawrence · March 20, 2012 1:20PM

<< A simple request that perhaps DLRC can answer for us here ... can someone from DLRC please email me (or any other board member here requesting it) the reserve amounts on each lot in the auction so I can decide if there are any coins I can place a bid on in excess of the reserve?

Thanks.

Wondercoin >>

Mitch,
We'd be happy to do so. In fact, we've already answered many emails from customers here with requests for specific reserves. Actually, almost every coin valued under $1,000 is unreserved. However, if you'd like a list of the reserves or would like to know about a specific coin, please feel free to email me what lots you'd like to know about and I'd be happy to get an answer for you. My email address is: jb@davidlawrence.com

Thanks!

Backintime · March 25, 2012 3:45PM

So did anyone walk way happy/ frusrated? I ended up with 13 coins, 9 of them top pops. I over payed for a couple of them. It was fun as well as nerve racking as the coins were going fro higher prices than what they would typically go on for Ebay.

Tim

The stockley Lincoln collection on EBay

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